Auto Insurance should never be a set-it-and-forget-it model. Your life changes, and so does your liability risk and exposure.
Use this checklist to understand some of the risks that might apply to your auto insurance, and then let’s connect about any new changes to your auto policy. It’s part of our goal to keep you on the road to liability protection!
Have you transferred the title on any of the vehicles listed on your auto policy?
Did you pay off your vehicle? (You might want to consider downgrading your coverage to match the value of the vehicle. It could save money, too.)
Do you know what your current deductible is, and are you happy with that range? (You can go higher on deductibles to save money on a monthly premium, but that means more out of pocket.)
Where do you park your vehicle?
Take inventory of your vehicles and tell us about security and safety systems. You might qualify for discounts.
Do you have any alarm systems or GPS? (cars are retrieved faster and may not be a total loss)
Do you have any driver-assist technology onboard?
Do you use an onboard driver camera? (can help with sorting out claims disputes)
Are all your vehicles covered with us? (multi-line discount)
Has your young driver completed a driver’s safety course and maintained a B average in school? (good student driver discounts)
Do you own or rent your home? (discount bundling)
Liabilities and limits
Check out some of these changes in your life situation that could increase your liability exposure. It’s easy to forget when you’ve added to the toy collection or the list of drivers. Take some notes, and we’ll talk through recommendations for your insurance coverage when we connect.
Do you own any electric scooters, mopeds or motorcycles?
Do you own any ATVs or golf carts?
How many people in your home are of driving age?
Are they licensed to drive, and are they listed on your auto insurance as named insureds?
Are there students in the home who are getting their driver’s permit or license within the next year?
Have any listed drivers changed jobs in the last 12 months? If yes, how far is the commute and in which car (more miles driven)?
Are any listed drivers working or attending school remotely (fewer miles driven)?
Does someone live with you who is not listed on your auto policy? (If they have access to your car, they might use it. Let’s make sure you’re covered.)
Do you have a roommate or any domestic workers you’d like to add to your policy as covered drivers?
Do you use your vehicle for a ride-sharing service? (You might not be covered while you drive.)
Do you drive your car for business purposes or transport your business goods in your vehicle? (You might be exposed to exclusions and rejected claims.)
Have you added customizations to your vehicle such as rims, spoilers, engine upgrades, campers or shells? (You might need to increase your limits.)
Do you use trailers, hitches, or bike racks for transporting other belongings like ATVs, bikes, boats? (You might need extra coverage.)
Do you own a motor home or a recreational vehicle (RV)?
Protection solutions and policy add-ons
Now that you’ve done a quick self-assessment for risk liability exposure, let’s talk about a custom policy that fits your lifestyle.
Rental or replacement car coverage. It’s handy if you depend on your car to get to work or school but your vehicle becomes temporarily undrivable because of a covered incident.
Roadside or towing assistance. It’s something to rely on in case of a breakdown (like a tire change) or in case you need towing to the shop.
Glass replacement coverage. Glass replacement can help when damage occurs because of something other than a collision.
Key replacement coverage. High-tech keys and fob replacements can be expensive to replace, depending on the system.
Loan or lease gap coverage. If your vehicle was totaled today, you might owe more than the blue book value. Gap insurance helps cover this financial strain when your covered vehicle is declared a total loss.
Medical payments (or MedPay) coverage. It helps with medical bills for you and your passengers, regardless of who’s at fault.
Pet injury coverage. Some companies offer medical help for your pets if they’re hurt in an auto accident.
Child restraint coverage. Most child restraint manufacturers suggest replacing the child seat system after an accident, which can be expensive.
Renters or homeowners insurance. You’ll offset your financial liability if you’re sued and have protection for your belongings (some in your car, too). You might enjoy bundled discount policies for renters or home and auto insurance.
Personal umbrella policy. An umbrella extends over most existing insurance policies and kicks in when you hit your policy limits.
Life insurance. You might have some through your job, but a life policy purchased on your own is there regardless of employment. You can get great rates when you’re younger and healthier. Some life insurance builds equity over time, and you can use it to borrow against later in life.
Let’s get this renewal on the road
We’re here to protect what’s most important to you. Life changes, and that means insurance needs change, too. Let’s get together soon so we can review your insurance coverage needs and keep you protected, wherever you may roam.
Call us today at (732) 566-0003 or click here to request a quote.